David Mateer
Depreciable basis when converting residence to rental property
Hey everyone!Let me preface this post with the fact that I plan to talk with a CPA on all of this, but I like to be educated for conversations like this.
I purchased my house in 2012 for $185,000. I’ve been living in...
Levi Caron
What would you do with 250k of private money at 7.5% to develop?
I'm looking to partner on my first development project in a town outside of Jackson, WY. I just moved here last year and it is very expensive to do anything in Jackson. I started off as a buy and hold investor and bou...
Mike Carr
Self Storage starting thoughts
How did you get started? What did your first deal look like? Knowing what you know now, what would you do first if you had to start all over from the beginning?
Brian Greenway
GC terminates contract early and leaves unfinished jobs
GC is about to walk out on me. We are in the middle of a remodel. We have a contract. I haven't payed anything upfront so it is not a money issue, more the fact that there are half done jobs left behind and another gc...
Brandon Schlichter
Accounting software for rehab & rentals?
I'd like software to deal with my rental & rehab business. Don't want to spend an arm and a leg either (although I can spare it, i'm still a cheapskate).We buy & rehab houses for rentals. I'd like something th...
Michael Ives
No mortgage on property but it needs to be Renovated, Hard Money Loan or Conv. Loan?
Im currently about to acquire a single family detached with Seller Financing, however the property could make for a Great flip but also a decent rental property. The minor renovations throughout will seriously increas...
Basit Siddiqi
SEP-IRA > SDIRA / Solo401K for balances below $100,000
Hello all,
I just wanted to share my recent decision of a retirement account to set up for my self and the reason why.A little about meI currently have $0 in traditional retirement accounts(IRA, 401K, etc). I took an...
Account Closed
HELOC to invest in Notes?
I'm considering buying a note or two with a HELOC. Although I'm generally leaning toward secured 1st position NPNs, it seems like a PERFORMING note (either a 1st or 2nd) would be the best way to leverage it.
As long ...
Matt Haman
LLC Help for new investor
I am a new investor in California and was curious if experienced investors recommend an LLC for their rental properties. What is the approximate cost per LLC and how may rentals do you keep under one LLC? Any other in...
Paul Huntley
Wholesaling question?
I need help with this deal.
ARV 219,000
(.65*219,000)-10,000[repairs]-21,900[holding]-10,000[wholesale fee] = $100,450 MAO
Now the seller currently owes $157,000 on the property. Would it be an insult for me to offe...